Home prices continue to rise, albeit at a slower pace: FHFA

Prices were up 0.2% month-over-month in August and 4.6% year-over-year, according to data released Wednesday

Single-family home prices climbed 0.2 percent month-over-month in August and were up 4.6 percent year-over-year, according to the latest data from the Federal Housing Finance Agency (FHFA). Despite the increases, price appreciation is actually slowing across the country.

Prices increased annually in all nine census divisions that FHFA tracks, with the Pacific division reporting the highest increase at 6.5 percent and the Middle Atlantic reporting the smallest increase at 3.9 percent.

Information courtesy of Inman.com